The U.S. is going for the jugular with new Iran sanctions intended to punish those who trade with Teheran. But the U.S. may have a fight on its hands in a possible post- WWII turning-point...

The next step in the Trump administration’s “maximum pressure” campaign against Iran has begun, with the most severe sanctions being re-imposed on the Islamic Republic. Crucially, they apply not only to Iran but to anyone who continues to do business with it.

It’s not yet clear how disruptive this move will be. While the U.S. intention is to isolate Iran, it is the U.S. that could wind up being more isolated. It depends on the rest of the world’s reaction, and especially Europe’s.